China's Antimonopoly Law

China's Antimonopoly Law

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Handling complex antitrust and competition litigation across the US, UK and Europe, representing both plaintiffs and defendants in various high-stakes cases.
A global team handling highly complex and sensitive matters in all aspects of litigation.
August 2008 will bring the world's greatest athletic competition to China for the first time in history. While all eyes at 8:08:08 p.m. China time on August 8 (an auspicious date and time in Chinese numerology) will be focused on the opening ceremony of the Olympics, another event with longer-term legal consequences will have taken place just a week earlier. That is the date on which China's long-awaited Antimonopoly Law (AML) takes effect. It constitutes a notable step along the path of transition from an economy dominated by state ownership and central planning toward a competitive, market-based and price-driven economy. The AML has even been referred to as China's "economic constitution." It also provides for two new government entities to administer the AML, furthering China's progression from a government dominated by industrial ministries toward a regulatory state.

To read the full article by WilmerHale partner Lester Ross, which originally appeared in the Spring 2008 issue of Antitrust, click here.

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